Bull Trend, DJIA 20,000?

DJ Resistance:  19,988      New all-time high
                           19,975      Last closing

DJ Support:      19,966
                           19,750
                           19,510      20 Days moving average
                           19,200      Strong
                           19,090
                           18,800      Strong
                           18,668      August & old all-time high
                           18,247      August low
                           18,000      Strong
                           17,833.23 November low
                           17,579     Inflection point
                           17,125     Very strong
                           16,520
                           15,980      Strong
                           15,450      Very strong
                           15,370.33 2015 low

Technical Analysis:
DJIA is approaching DJ20,000. It is important to remark that the trend is leaning bullish although the FED increased the interest rates last week. It was discounted by the market. The stock market is in a rally from November low.  DJ20,000 is besieged by the bulls, will this time resist their attack? It seems that the DJ20,000 will be surpassed by the bulls. The trend is to the upside and the backdrop shows a leaning bullish.
It would be very important to consolidate the advances of the market but this is Christmas Rally, volume is very high and the markets are measured at their resistances.
Please click over the chart to enlarge it.

Fundamentals:
We expect positive numbers for 4th. Quarter and 2017 quarters with relation to the GDP because the interest rate hike seems to be orderly and there are signs that corporations are going to invest and individuals are going to spend more, both were waiting for the elections results. If that, it would be worth to be invested.
DJ20,000 and S&P2,300 are next target for bulls.

Dear traders and investors, we are in rally mode, Christmas Rally, stay long stocks, the trend is to the upside and economy is doing well as some corporations. The consumption plays important role in the U.S.A. economy and it is robust.  The stock market had a difficult behavior during the last three years to make money. The last two months up move has been a great change and offers an optimistic future for 2017.
We have had difficult times for trading and investing because the market stayed in a range with big surprises Brexit and U.S. election movement, but we were always optimistic with the bullish mode and we were awarded with November and December rally. I wish you Merry Christmas, Happy Holidays and a Happy and Marvelous New Year!
We will be always working together and I am very happy for having helped you to navigate in these so turbulent seas.


Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!

Bulls control the trend: Is the FED coming?

DJ Resistance:  20,000
                           19,953.75 New all-time high
                           19,911      Last closing

DJ Support:      19,550      Hourly chart
                           19,200      Strong
                           19,060      Hourly chart
                           18,800
                           18,668      Old all-time high
                           18,247      August low
                           18,000      Strong
                           17,888.23 November low
                           17,579      Inflection point
                           17,125      Very strong
                           16,520
                           15,980      Strong
                           15,450      Very strong

Technical Analysis:
DJIA has taken 7 straight days doing new all-time high. The three indexes are in uncharted territory. DJIA is the strongest attacking the 20,000.
It is hard to define the DJ supports in these new territories. DJ19,200 should be the important support. The way to the upside was done almost without resistance from November 4th. The bounce up is similar to the Brexit breakout.
The three indexes show a firmly bullish trend for the long term.

Please click over the chart to enlarge it.

Fundamentals:
Well, this Wednesday is the day to increase the interest rates by the FED. The market is waiting for that from almost two years. It is so odd that the stock market is doing all-time new highs with expectations about raise of interest rates, that is explaned by the investors always look to the future.
We have witnessed a rotation in the stock market during the last three weeks, investors were looking for growth, positioning and avoiding conservative and dividing paying stocks.
Christmas Rally? It seems that we are in a constant rally after more than two years playing in the range.
Dear traders and investors, besides economy the market expects a positive 2017 for the stock market, my opinion is to stay long with growth stocks.
Nothing more to say by the time.

Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!
            

Leaning-bullish Trend

DJ Resistance:  19,275      All-time high
                         

DJ Support:      19,225
                           19,150
                           19,055
                           18,920      Strong
                           18,800
                           18,668      Old all-time high
                           18,470      Strong & 50 days MA
                           18,030      200 Days moving average
                           17,995      Strong
                           17,888.23 November low

Technical Analysis:
DJIA, the strongest index, got new all-time high on Monday DJ19,275, its natural target is DJ19,300 as I have indicated 2 or 3 weeks ago. Good support will be DJ19,150. Watch the index at resistances to calibrate the strength.
We can say that DJIA is in a rally mode and preparing itself for a possible Christmas Rally, then the trend is to the upside barring a brake out of supports.

Click over the chart to enlarge it.

Fundamentals:
S&P is ready for new all-time high, it didn't get like DJIA it because to the rotation looking for stock growth.
Next important economic new is Consumer Sentiment this coming Friday which should be positive and the almost sure rate increase by the FED on December 14th. The others are not relevant this week.
The market feels that the best place to invest the money is the stock market. I think the best would be a consolidation before to continue to new highs where the market will take profits. It would be shortly before SP2,280 and DJ19,500. But it seems the rally is in continuous mode.
Dear traders and investors, DJIA and S&P are looking for higher skies stay long stocks.

Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!